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Topic: is it risky to turn all my money to bitcoins? - page 2. (Read 37346 times)

member
Activity: 191
Merit: 10
Yeah dude it is risky to turn all your money to Bitcoins.though you can earn a good amount of profit through Bitcoin, you can invest in Bitcoin and make your life Shine. but mind that excess of anything is not so good.And I think you should not turn your all money to Bitcoins since there are some risks.
member
Activity: 280
Merit: 10
★Bitvest.io★ Play Plinko or Invest!
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes, is to risky if you turn all your money in bitcoin.because we cannot predicts the price value of bitcoin its either decreasing to a very small value or increasing in higher value.bitcoin is very volatile so its to risky.like what happen in the past few months the price value of bitcoin in the market is decreasing.So there are many investors lost half of their money.
jr. member
Activity: 211
Merit: 1
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Well, If I were you, I'll just use some or half of my money to crypto or in Bitcoin. It will be very dangerous to invest all your money in the digital asset. Because the price is volatile. You'll never know (exactly) if Bitcoin will go up or down. Then I'll use some of my money to other crypto coins that is promising. I'll use it to gain profit and don't forget to buy Gold. Just an opinion.
hero member
Activity: 1232
Merit: 503
Every Investment is a risk like holding bitcoins/altcoins because its volatile there is no type of investment without a risk but there are still investment will minimal risk its up to you if you take the risk.
newbie
Activity: 81
Merit: 0
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
I think yes, bitcoin is a good investment. But the price of bitcoin is not stable. It can collapse at any time. It is risky. We cannot invest all our money in bitcoins. If bitcoin fails, we will lose everything.
hero member
Activity: 683
Merit: 500
That is absolutely too risky to turn all your money to bitcoins. It's highly volatile.  I'm telling you never invest more than you are willing or able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
jr. member
Activity: 131
Merit: 1
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Obviously you're taking a risk, and any investment is risky.

But for me, I'm not going to do that. I'm just going to invest in myself.
newbie
Activity: 98
Merit: 0
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
You should know the price of the bitcoin is not stable, it can change at any time, in the past month, have taken place in the bitcoin collapse, the price down from $19000 to $6000, it is a big loss for the investors. So instead of investing all your money in bitcoins, you can invest some of your money in bitcoins.
full member
Activity: 293
Merit: 100
I will not turn my money into bitcoin again, I'll just look for bitcoin to capitalize on bitcoin investing. bitcoin is very good to be a job in the year this year and in the future, bitcoin that has become my paper currency will not be so bitcoin again because I've put it on its place. better find bitcoin and collect it until it can be used for investment.
newbie
Activity: 98
Merit: 0
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Investing in bitcoin is risky. The price of bitcoin has been volatile and it can crash at any time, leading to losses on investments. We can't invest all our money in bitcoins. Bitcoin is not a cash cow. We need to control the risk of investment.
full member
Activity: 714
Merit: 100
Acewins.io
I am a bitcoin enthusiast but I won't advise you to turn all your money into crypto and for that matter, bitcoin. It is advisable to hodl btc but not to the extend that all your fiat will be changed to btc. Well, if you can stand the variations in market with the losses, then turn everything to bitcoin. What I mean is that the price of bitcoin fluctuates and for that reason when it is low, the only option is to keep hodling and what if you need money to buy something urgent? Will you exchange to fiat at the time it is low? I think you won't do that and that's why you don't have to turn all your money into crypto to save you when prices in crypto fall.
member
Activity: 214
Merit: 10
Yes of course it is to risky to turn all your money in bitcoin. It's ok if half of your money you put it like 50% if you really want to invest in bitcoin. But only invest what you are willing to lose in your life. so you will not regret it especially if you do not have the good results in your investment.
jr. member
Activity: 196
Merit: 1
yes it's risky, if you turn all your money in bitcoin how about your daily needs, just consider that btc is volatile so you can't predict the value. What if the value goes down so you will lose, it's good for u if the value of the bitcoin will always goes up. Don't take all your money by chance, because you will end losing or gaining profit.
newbie
Activity: 23
Merit: 0
Of course, it's very risky to transfer all the money into bitcoin. It's better to keep the eggs in different baskets and buy  some other ICO tokens.
member
Activity: 378
Merit: 10
Unfortunately, this is the specifics of the market-we do not know how the market will behave tomorrow, in a week or a month. We make assumptions and rely on the opinions of analysts, but everything is too unpredictable.
hero member
Activity: 994
Merit: 544
Yes this is risky. You need to have a balanced portfolio

And besides, selling your house to buy bitcoin is a total risk.  What will happen if you bought at this rate and its price will go down.  Maybe buy some half if you really want or just do not mind what we people gonna say.  Just invest half of it.
hero member
Activity: 756
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
Yes this is risky. You need to have a balanced portfolio
It's like having two investments inside one. Bitcoin and the altcoins prices fluctuate a lot, it's hard to get an exit.
newbie
Activity: 60
Merit: 0
Yes this is risky. You need to have a balanced portfolio
member
Activity: 364
Merit: 10
I think all investment is risky. But it will be less if you will just read and understand the profile where you invest. And i think investing all money in bitcoin is a bad idea eventhough bitcoin has big potential and i never lose to him. But we need to secured our future just make it 80% of your money invest and the 20% will remain on you just incase...
full member
Activity: 238
Merit: 100
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Most of the people here on the forum will definitely answer that turning all your money into bitcoin is really risky. Yes, it has the potential to increase its value but at the same time, a decrease in value can also happen just like what happened in the month of January. Bitcoin is anonymous, if there's a current change of value/price, no one is manipulating it which means that no one ever known where it will pump and dump. The decision was commonly used by all of us and yes, it is always depend on us.
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